Delhi
New Delhi - The city of Delhi will no longer witness a shortage of houses for the poor and the downtrodden as the Delhi Development Authority (DDA) has decided to come up with about 14 lakh houses in five new zones which will be known as urban extensions. The project will begin with a survey which will check the land [...] Continue Reading »
New Delhi- The CAG’s performance audit of JNNURM was tabled covering the mission period of 2005-2011 on Thursday. A report based on the assessments which were conducted between April to November 2011 through test-check of records of ministries such as urban development, housing and urban poverty alleviation followed by various agencies of 25 states and five union territories was [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
New Delhi- If you haven’t yet paid your service tax dues, hurry up as November 27 is the deadline with over Rs.10-lakh rental income out of the immovable properties. Tax payers who fail to pay by the deadline will be charged a penalty. Tax implies to renting commercial properties with the rental amount exceeding the limit of Rs.10 lakh annually. [...] Continue Reading »
New Delhi- The Nodal Steering Committee was appointed by the High Court on the unauthorized construction and encroachment and asked the deputy commissioners to address the power distribution companies (discoms) and Delhi Jal Board (DJB) in order to disconnect the water and electricity supply. Also the sub-registrar of the zones were not allowed to register any unauthorized property. In [...] Continue Reading »
Delhi/NCR- The latest area of development; Ghaziabad has an increasing number of malls and multiplexes which are proving to be a positive sign for the real estate development. This sort of a development in the area will cater to the needs of big realty players who can indulge themselves in new projects. Currently, the city has [...] Continue Reading »
Delhi NCR- An increased positive growth of realty sector is expected in Delhi NCR, post Diwali as there will be more home buyers of about 10-15% when compared to the previous quarter. In the past eight months, the residential sales fell by about 40% in NCR and the coming months will witness a change as [...] Continue Reading »
New Delhi: The distressed Air India has decided to generate capital from the realty market by selling, redeveloping and leasing its assets. It has also mandated Delhi’s real estate consultant DTZ International Property Advisors Private Limited for its plan. Selling and leasing the firm’s real estate assets will fetch the company the costs to meet the [...] Continue Reading »
New Delhi- All those waiting for a home possession need to wait for another year as a survey has found out that about 50% i.e. 323,000 home deliveries will be delayed as they are lagging behind the construction schedule.This is followed by nearly three of every four homes which were promised for delivery in 2014 to [...] Continue Reading »
